Pop Star Rihanna Earned $6.4 Million to Perform at Pre-Wedding Celebrations Costing $154 Million for Youngest Son of India Billionaire & Chairman of Reliance Industries Mukesh Ambani with $116 Billion Fortune, Performed 19 Songs in 90 Minutes
10th March 2024 | Hong Kong
Pop star Rihanna has been reported to have earned $6.4 million (£5 million) to perform at the pre-wedding celebrations (costing $154 million) for youngest son (Anant Ambani) of India billionaire & Chairman of Reliance Industries Mukesh Ambani with $116 billion fortune. Rihanna was reported to have performed 19 songs in 90 minutes. In March 2024, Indian billionaire Mukesh Ambani & Walt Disney Co. signed an agreement to create a new $8.5 billion media giant, with (Mukesh Ambani) Reliance Industries to own 63% & Disney to own 37%.
“ Pop Star Rihanna Earned $6.4 Million to Perform at Pre-Wedding Celebrations Costing $154 Million for Youngest Son of India Billionaire & Chairman of Reliance Industries Mukesh Ambani with $116 Billion Fortune, Performed 19 Songs in 90 Minutes “
Indian Billionaire Mukesh Ambani & Walt Disney Co to Create a New $8.5 Billion Media Giant, Reliance Industries to Own 63% & Disney to Own 37%, Reliance Will Invest $1.4 Billion as Growth Capital, New Media Joint Venture Will Have Exclusive Rights to Distribute Disney Films & Productions in India
3rd March 2024 – Indian billionaire Mukesh Ambani & Walt Disney Co. have signed an agreement to create a new $8.5 billion media giant, with (Mukesh Ambani) Reliance Industries to own 63% & Disney to own 37%. Reliance will invest $1.4 billion as growth capital, and the new media joint venture will have exclusive rights to distribute Disney films & productions in India. In 2023 August, Qatar sovereign wealth fund QIA (Qatar Investment Authority, $475 billion AUM / Assets under Management) is buying 1% (0.99%) of India billionaire Mukesh Ambani $100 billion Reliance Retail for $1 billion (Headed by daughter Isha Ambani), with Mukesh Ambani also planning for a possible Reliance Retail Ventures IPO (Initial Public Offer). Reliance Retail Ventures owns 100% of Reliance Retail. In 2020, Reliance Retail Ventures sold 10.09% shares for $5.7 billion (472 billion rupees) to global investors including KKR, General Atlantic, Public Investment Fund (Saudi Arabia) and Mubadala (UAE). India billionaire & Reliance Chairman Mukesh Ambani is the richest man in Asia with around $112 billion personal fortune.
Qatar $475 Billion Sovereign Wealth Fund QIA Buys 1% of India Billionaire Mukesh Ambani $100 Billion Reliance Retail for $1 Billion Headed by Daughter Isha Ambani, Mukesh Ambani Plans for Reliance Retail Ventures IPO
25th August 2023 – Qatar sovereign wealth fund QIA (Qatar Investment Authority, $475 billion AUM / Assets under Management) is buying 1% (0.99%) of India billionaire Mukesh Ambani $100 billion Reliance Retail for $1 billion (Headed by daughter Isha Ambani), with Mukesh Ambani also planning for a possible Reliance Retail Ventures IPO (Initial Public Offer). Reliance Retail Ventures owns 100% of Reliance Retail. In 2020, Reliance Retail Ventures sold 10.09% shares for $5.7 billion (472 billion rupees) to global investors including KKR, General Atlantic, Public Investment Fund (Saudi Arabia) and Mubadala (UAE). India billionaire & Reliance Chairman Mukesh Ambani is the richest man in Asia with around $90 billion personal fortune.
Qatar $475 Billion Sovereign Wealth Fund QIA in Talks to Buy 1% of India Billionaire Mukesh Ambani $100 Billion Reliance Retail for $1 Billion Headed by Daughter Isha Ambani, Mukesh Ambani Plans for Reliance Retail Ventures IPO
28th July 2023 – Qatar sovereign wealth fund QIA (Qatar Investment Authority, $475 billion AUM / Assets under Management) is in talks to buy 1% of India billionaire Mukesh Ambani $100 billion Reliance Retail for $1 billion (Headed by daughter Isha Ambani), with Mukesh Ambani also planning for a possible Reliance Retail Ventures IPO (Initial Public Offer). Reliance Retail Ventures owns 100% of Reliance Retail. In 2020, Reliance Retail Ventures sold 10.09% shares for $5.7 billion (472 billion rupees) to global investors including KKR, General Atlantic, Public Investment Fund (Saudi Arabia) and Mubadala (UAE). India billionaire & Reliance Chairman Mukesh Ambani is the richest man in Asia with around $90 billion personal fortune. More info below.
Reliance Retail
Reliance Retail is the retail initiative of Reliance Industries Limited and is central to the group’s consumer facing businesses. Reliance Retail has been ranked amongst the fastest growing retailers in the world. It is ranked 53rd in the list of Top Global Retailers and is the only Indian Retailer to feature in the Top 100. It is the largest retailer in India with the widest reach. Reliance Retail has 249 million registered customers buying across all its formats. It recorded more than 780 million footfalls across all its stores in FY2023. Reliance Retail has adopted a multi-prong strategy and operates a wide array of store formats that cater to planned shopping needs, as well as daily or occasional needs of the customers across major consumption baskets of Grocery, Consumer Electronics, Fashion & Lifestyle and Pharma.
- In Grocery consumption basket, Reliance Retail operates Fresh Signature, Smart superstore, Smart Bazaar, Smart Point, Freshpik, Shree Kannan Departmental, 7-Eleven and Jayasurya stores focused on food, fresh produce, bakery, dairy products, home and personal care products, as well as general merchandise items. In addition, it runs quick commerce company, Dunzo and subscription-based hyperlocal delivery platform, Milkbasket. With an ambition to help every Indian household get access to quality products at reasonable price points, Reliance Consumer Products Limited, the company’s FMCG arm, has built a strong portfolio ranging from Campa, Raskik and Sosyo in the beverage category to Enzo, Glimmer, Puric, Get Real and Dozo in the home & personal care segment. Under the Independence brand, it offers a wide range of daily essentials to Indian consumers at exceptional value.
- In Pharma, Reliance Retail addresses both online and offline needs of Indian consumers through Netmeds digital platform and a fast-expanding range of Netmeds freestanding stores.
- Reliance Retail has strengthened its presence in the beauty space with Tira, an omni-channel beauty retail platform that offers a seamless and personalized shopping experience to beauty enthusiasts across India by offering them a fine selection of global and indigenous beauty brands.
- In Consumer Electronics, Reliance Retail operates Reliance Digital and MyJio Store formats offering a wide range of consumer electronics, home appliances, computing and mobility products, latest gadgets and accessories. These stores are backed by resQ, a full-fledged service organisation and India’s only ISO 9001 certified electronics service brand.
- In Fashion & Lifestyle, Reliance Retail operates a portfolio of formats that serves customers across value, mid, premium and luxury segments. Reliance Retail operates Trends, Trends Woman, Trends Man, Trends Footwear, Avantra by Trends, Azorte, Centro, Reliance Jewels, Hamleys formats and a portfolio of more than 50 marquee international brands such as GAP, Armani, Burberry, Diesel, GAS, Marks & Spencer, Superdry, Brooks Brothers, Steve Madden and more.
Reliance Retail has a strong presence in digital commerce channels led by AJIO, a fashion & lifestyle destination store bringing the best of national and international brands to customers’ doorsteps and Jiomart, a cross-category horizontal platform that leverages the wide network of Reliance Retail’s stores and well-established supply chain infrastructure. Reliance Retail reported a turnover of Rs. 2,60,364 crore for the financial year 2022-23. As on March 31, 2023, Reliance Retail operated 18,040 stores across 7,000+ towns with a retail area of over 65.6 million sft.
India Billionaire & Reliance Chairman Mukesh Ambani Buys Dubai Villa on Palm Jumeirah Island for $163 Million, Artificial Island Shaped Like a Palm Tree
21st October 2022 – India billionaire & Reliance Industries Chairman Mukesh Ambani has bought a Dubai (UAE) villa for $163 million at Palm Jumeirah island. The $163 million mansion at Palm Jumeirah island has 10 bedrooms with a private spa, and indoor & outdoor pools. Earlier in 2022, Mukesh Ambani had also bought a Dubai beach-side villa for $80 million for his youngest son Anant Ambani. The $163 million mansion was bought from the family of Kuwait tycoon Mohammed Alshaya, Chairman of Alshaya Group (one of the largest retail distribution conglomerate, including local franchises Starbucks, H&M and Victoria’s Secret). Palm Jumeirah island (Dubai, UAE), is built from reclaimed land in a series of artificial archipelagos, and shaped like a palm tree. The unique island is home to some of Dubai’s top luxury resorts, including Atlantis, The Palm, FIVE Palm Jumeirah Hotel, Jumeirah Zabeel Saray and The Palm. India billionaire & Reliance Chairman Mukesh Ambani is the 2nd richest man in Asia with $89 billion personal fortune.
India Billionaire & 2nd Asia Richest with $89 Billion Reliance Chairman Mukesh Ambani to Setup Family Office in Singapore
Earlier in October 2022, India billionaire & 2nd Asia richest man with $89 billion personal fortune Reliance Chairman Mukesh Ambani is reported to be setting up a family office in Singapore. Mukesh Ambani’s wife Nita Ambani is setting up the family office in Singapore and is expected to have the family office setup in 12 months (Reliance Industries is a diversified Indian conglomerate with businesses in petrochemicals, oil & gas, telecom and retail). Many billionaires have setup family offices in Hong Kong & Singapore, and for Singapore, notable billionaires include top hedge fund founder Ray Dalio, Google founder Segrey Brin & James Dyson. Billionaires Facebook founder Eduardo Saverin and hotpot Haidilao co-founders Zhang Yong & Shu-Ping (Husband & wife) and Shi Yonghong have also switched their residency to Singapore and setup their family & family offices in Singapore. Investment funds & family offices setting up in Singapore can apply for tax incentives in Singapore.
In 2022, Singapore central bank Monetary Authority updated the S13O Scheme, requiring a minimum fund size of S$10 million at the point of application and the fund must commit to increase its AUM to S$20 million within a two-year grace period. The minimum fund size for Section 13U Tax Incentive Scheme (s13U Scheme) remains unchanged at S$50 million at the point of application.
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